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00:00 The International Bank expects investments in this sector alone by 2050 to exceed $20 trillion.
00:09 We are working with our strategic partners and the main players in the entire value chain,
00:15 especially the green hydrogen, the technology suppliers, the manufacturers, the developers,
00:19 the employees, to start projects on the ground.
00:22 Through this, we are looking to start projects with a narrow target, experimental projects.
00:28 We are working on this project with the UAE Iron, which we launched through the COPP project.
00:33 It is a narrow target project.
00:35 We will announce the second phase of this project soon.
00:38 We can reach up to 100 megawatts with this target.
00:42 Electrolyzer, this is a primitive number because it is still under research and study.
00:50 Then we will launch projects in the larger areas, in the gigascale, through which we are looking to accelerate the development of green hydrogen projects to become an economic competitor.
01:01 Let me ask you, some studies show that 85% of the hydrogen produced is used in the same area or in the area where it is produced,
01:09 or in nearby areas because the process of transportation is very expensive.
01:13 Do you expect that the idea of transporting hydrogen will be reduced and easier in the coming period?
01:19 Of course, because green hydrogen will be a major player in several sectors.
01:25 It will be a major player in heavy industries such as iron and aluminum,
01:29 it will be a major player in the aviation sector, it will be a major player in the maritime transport sector,
01:33 it will be a major player in sectors such as petrochemical industries, fertilizers.
01:39 For this reason, we believe that green hydrogen will depend on four main transport channels.
01:45 The main axis is the most competitive economy, and it is through direct transport channels.
01:50 If we can deliver the production site to the consumption site, this is number one,
01:56 ammonia will play an active role because it is a technology that is on the ground, its effectiveness has been proven,
02:02 and there are all the means and ways available to start transporting it.
02:07 But what we encourage is to use ammonia if it is the final product,
02:14 so that we do not have to transform it and re-transform it, which is a waste of energy and forms a malfunction.
02:19 In addition to liquid hydrogen, which is the third vector, which is the use of hydrogen peroxide,
02:24 which is an anti-acceleration technology, in addition to liquid, organic hydrogen carrier,
02:28 the use of hydrogen peroxide, which is manufactured organically.
02:35 These technologies, God willing, will help to transfer hydrogen to new stages with high technical efficiency and low cost.
02:44 The project has been approved, or a second phase of the project, with the UAE steel company Arkan M Steel.
02:49 We also signed a contract with partners in Egypt related to wind energy recently.
02:55 The company has also carried out a number of acquisitions, and the number of acquisitions is still limited.
03:01 Where has the wind project progress reached, and are there any plans to launch a number of wind projects in Egypt this year?
03:10 Egypt has a strategic relationship that links the UAE to Egypt.
03:18 Our ambitions in Egypt are very large, and have wide horizons and areas,
03:23 not only in the field of renewable energy, but also in the green hydrogen.
03:26 We launched the framework agreement in cooperation with the Egyptian government,
03:32 as one of the participants, among other players, in developing up to 10 GW of wind energy in Egypt.
03:39 It is still under development, and we are still in direct contact with the strategic partners and the parties involved in the Egyptian government
03:49 to move now to the study stages on the ground, to start development as soon as possible.